Form 990 for tax year 2023
Filed by RITECARE OF MINNEAPOLIS-ST PAUL INC.
Totals
- Total revenue
- $216,870
- Total expenses
- $175,760
- Contributions and grants received
- $152,320
- Grants paid
- $142,553
- Program service revenue
- $0
- Investment income
- $16,469
- Other revenue
- $48,081
- Total assets, end of year
- $786,126
- Total liabilities, end of year
- $23,526
- Net assets or fund balances, end of year
- $762,600
- Program services expenses (Part IX)
- $164,392
- Management and general expenses
- $8,221
- Fundraising expenses
- $3,147
- Program service expenses (Part III)
- $164,392
Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$25,700
-
1d · Related organizations
$77,333
-
1f · All other contributions, gifts and grants
$49,287
-
1g · Noncash contributions included above
$1,234
-
3 · Investment income
total $11,758 · excluded $11,758
-
6a · Gross rents
real property $104,037
-
6b · Less rental expenses
real property $53,857
-
6c · Rental income or loss
real property $50,180
-
6d · Net rental income or loss
total $50,180 · excluded $50,180
-
7a · Gross sales of assets other than inventory
securities $4,711
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $4,711
-
7d · Net gain or loss
total $4,711 · excluded $4,711
-
8a · Fundraising events: gross income
$7,000
-
8a · Fundraising events: contributions included on line 1c
$25,700
-
8b · Fundraising events: direct expenses
$9,099
-
8c · Net income from fundraising events
total -$2,099 · excluded -$2,099
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $142,553 · program services $142,553
-
11a · Fees: management
total $28,600 · program services $21,450 · management and general $5,720 · fundraising $1,430
-
13 · Office expenses
total $1,594 · program services $159 · management and general $638 · fundraising $797
-
14 · Information technology
total $2,299 · program services $230 · management and general $1,149 · fundraising $920
-
23 · Insurance
total $714 · management and general $714
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$656 · end of year $58,744
-
4 · Accounts receivable
beginning of year $8,397 · end of year $8,669
-
9 · Prepaid expenses and deferred charges
beginning of year $1,081
-
10a · Land, buildings and equipment: cost or other basis
$282,695
-
10b · Land, buildings and equipment: accumulated depreciation
$68,042
-
10c · Land, buildings and equipment, net
beginning of year $221,324 · end of year $214,653
-
11 · Investments: publicly traded securities
beginning of year $476,337 · end of year $497,985
-
15 · Other assets
beginning of year $5,053 · end of year $6,075
-
17 · Accounts payable and accrued expenses
beginning of year $13,202 · end of year $4,965
-
19 · Deferred revenue
beginning of year $8,407 · end of year $8,561
-
25 · Other liabilities
beginning of year $8,000 · end of year $10,000
-
27 · Net assets without donor restrictions
beginning of year $681,927 · end of year $762,600
Mission and programs · 2023
Mission
ENDEAVOR TO GIVE CHILDREN WITH SPEECH AND LANGUAGE DISORDERS THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL BY PROVIDING FINANCIAL GRANTS FOR TREATMENT.
-
FINANICAL GRANTS PROVIDED FOR PRIVATE SPEECH THERAPY SERVICES IN WHICH RITECARE WILL PAY COSTS NOT COVERED BY INSURANCE COMPANIES WITH GRANTS OF UP TO $7,500 PER CHILD FOR TWO YEARS OF SPEECH THERAPY. RITECARE MAKES THE DISBURSEMENTS TO THE PROVIDERS AS SERVICES ARE PERFORMED. GRANTS WERE GIVEN TO NINETY-SIX CHILDREN THIS YEAR. THERAPY WAS PROVIDED BY TWENTY-FOUR DIFFERENT THERAPY PROVIDERS.
Expenses $164,392 · Grants $142,553
-
N/A
-
N/A
As filed on the 2023 return.
Listed in Part VII
-
SHAWN HUNTER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
ROGER SCHMID
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
GREGORY B ARNOTT
FORMER TREASURER THROUGH 12/2023
- Total calculated
- $0
- Hours/week
- 8
-
BECKY BYRN-SCHMID
FORMER SECRETARY THROUGH 12/2023
- Total calculated
- $0
- Hours/week
- 3
-
JOHN ANTL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
LLOYD CHENEY
FORMER BOARD MEMBER THROUGH 12/2023
- Total calculated
- $0
- Hours/week
- 4
-
DAN FLICEK
CURRENT TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
MARK GALLOWAY
FORMER BOARD MEMBER THROUGH 12/2023
- Total calculated
- $0
- Hours/week
- 5
-
DON NOLLEY
BOARD MEMBER - ADMINISTRATOR
- Total calculated
- $25,950
- From this org
- $25,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
STEVE STROMSNESS
CURRENT SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
CHRIS LEVENDUSKI
BOARD MEMBER - EFFECTIVE 01/24
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442679349300784
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.